First quarter growth perked up late in the quarter, to well above 2% after looking to be 1% or less when the economy was being hit by winter storms and the government shutdown. Economists surveyed by CNBC/Moody’s Analytics Rapid Update raised their growth estimates by 0.3 percentage points to a median 2.4% Thursday, following a
Month: April 2019
Netflix fell about 1% after reporting its first-quarter earnings after the bell Tuesday. The company posted quarterly revenue that beat estimates but included light guidance for the following quarter. Here are the numbers Netflix reported compared to Wall Street’s expectations: Earnings per share: 76 cents, vs. 57 cents expected, per Refinitiv consensus estimate. Revenue: $4.52
It’s one thing to leave your heart in San Francisco, but leaving a family heirloom, an engagement ring or your lucky bowling ball at San Francisco International – or any – airport will have you singing a different song. Sleepy, rushed and distracted travelers leave thousands of objects at airport security checkpoints and in the
Health insurance can get pretty complicated. Typically, the point is to pay some money every month so that when you have an accident or get sick, your medical costs aren’t so expensive that they bankrupt you. Two of the most important terms in health insurance are premiums and deductibles. Your premium is that monthly cost.
As the Massachusetts gaming commission began hearings last week to decide if the Wynn Co will retain its license to operate the first major urban casino on the East Coast, I thought back to my original introduction to the casino industry in 1983. I considered much that industry has changed, but also how each sector
Check out the companies making headlines midday Thursday: Zoom Video Communications — Shares of the videoconferencing software company Zoom surged 80% on Thursday, its first day of trading. The stock traded as high as $66, compared with its initial price of $36. The bump gave Zoom a market cap of $16.7 billion. Pinterest — Pinterest
United Continental Holdings, the parent company of United Airlines, reported first-quarter earnings Tuesday that beat Wall Street profit expectations but fell shy of revenue estimates as the airline grapples with the prolonged grounding of Boeing’s 737 Max jets. Here’s what the company reported versus what analysts polled by Refinitiv expected: Adjusted earnings per share: $1.15
At a Boeing manufacturing facility in North Charleston, South Carolina, the aerospace giant reportedly pressured workers to speed up production while ignoring employee complaints about potential safety risks and defective manufacturing, according to a new report from The New York Times. After interviewing more than a dozen current and former employees of the Boeing facility,
Hoping to avoid a tax surprise for 2019? Talk to your accountant before you use the IRS tax withholding calculator. That’s because user error and failure to consider state and local taxes could result in incorrect adjustments to the income taxes you have withheld at work. The 2018 tax year brought in a host of
Health care suffered a health scare this week. The XLV health care sector ETF tumbled more than 4% since Monday, its worst week of the year and sending the group negative for 2019. Craig Johnson, chief market technician at Piper Jaffray, says the prognosis does not look good. “No question that the health care sector
Investors will soon apply environmental, social and governance standards to global governments as the role of ethics grows in the investing world, according to Paul O’Brien, the former deputy CIO of the Abu Dhabi Investment Authority, which manages more than $700 billion in assets. “People [are] taking a more ethical approach to their investing. That
PepsiCo on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations. Shares of the company rose less than 1 percent in premarket trading following the announcement. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 97 cents, adjusted, vs. 92
U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West. The CIA accused Huawei of receiving funding from China’s National Security Commission, the People’s Liberation Army and a third branch of the
If you’re among the 4.3 million consumers whose car lease ends in 2019, don’t be surprised if going that route holds less appeal this time. With record-high auto prices, higher interest rates and generally weakening residual values on cars, consumers can expect to pay $1,600 more on average for a lease than they did in
The chief operating officer and general counsel of MedMen Enterprises have both resigned amid a broader employee shakeup at the American marijuana retailer. Chief Operating Officer Ben Cook and General Counsel Lisa Sergi Trager — who also served on the company’s board — have quit, a source familiar with the matter tells CNBC. Senior Vice
Check out the companies making headlines after the bell: Shares of Intuitive Surgical plummeted more than 6 percent in extended trading Thursday following the release of the company’s disappointing first-quarter earnings. Intuitive Surgical posted earnings per share of $2.61, missing Refinitiv estimates of $2.70. Revenue was in line with estimates at $974 million. Pinterest shares
The two biggest U.S. banks each just posted record first-quarter profit, the result of years of work building coast-to-coast franchises that have attracted billions in customer deposits. On Friday, J.P. Morgan Chase said it made $9.2 billion in the first three months of the year. Bank of America said Tuesday that it generated $7.3 billion.
Pressure is mounting in Washington D.C. to take action against Facebook’s chief executive Mark Zuckerberg for the company’s handling of customer data. Two Democratic senators voiced support for Zuckerberg to be held personally responsible for the company’s privacy fumbles following a Washington Post report that claimed the Federal Trade Commission is considering how to hold
In New York City, home to our nation’s financial markets, a staggering 74 percent of its students are considered economically disadvantaged. They are parallel worlds, a few miles apart and largely invisible to one another. This is an increasing challenge across our country: How do we build a path to economic mobility for more of
It’s a good time to be a graduate. Those armed with a newly minted diploma will enter a job market with unemployment near the lowest level in 50 years and job prospects up significantly from just last year. Employers plan to hire nearly 11% more graduates from the class of 2019 than they did from
Earnings season shifts into a higher gear in the week ahead, as investors also watch for fresh economic data that could show that the economy is pulling out of a temporary rut. Amazon, Boeing, Microsoft and ExxonMobil are among more than 140 S&P 500 companies reporting quarterly results. According to Refinitiv, 74% of the companies
Consumer goods group Unilever reported stronger than expected quarterly underlying sales growth, helped by higher prices and volume, and strength in emerging markets. The maker of Dove soap and Ben & Jerry’s ice cream also on Thursday stood by its outlook for the full year, which calls for underlying sales growth in the lower half
When Instagram exploded in popularity, so did posting photos of food. Restaurants took note of the free marketing possibilities and invented eye-catching concoctions like rainbow bagels and Starbucks’ Unicorn Frappuccino. But now the Instagram trend has evolved to include more expensive investments — from customized tiles to handmade tables. “I feel like Instagram is basically
Chanel Reynolds got the call you never want. Her husband, Jose, had been in a terrible accident and was now in intensive care, irreparably wounded. A week later, with no signs of brain function, he was removed from life support and died. Meanwhile, Reynolds realized they had wills, but they were not signed or notarized.
CNBC’s Jim Cramer on Thursday said the banking sector reported positive earnings results over the past week and that the stocks remarkably were able to rally on the news. “The big takeaway from the major banks is that the group is doing better than we thought and even after this latest leg higher, many of
Japan’s core inflation picked up slightly in March from a year earlier, but remained distant from the Bank of Japan’s ambitious 2% target in a sign of rising pressure on the central bank. Over the past year, policymakers have had to contend with a slowdown in global demand as the Sino-U.S. tariff war put a
Pier 1 Imports’ Chief Financial Officer Nancy Walsh is leaving after a year in the job at the struggling home furnishing retailer, which reported a bigger-than-expected loss in the fourth quarter on Wednesday. The company known for its wicker chairs and scented candles has been battling falling sales in the face of increasing competition from
A Brooklyn judge on Thursday ruled against a group of parents who challenged New York City’s recently imposed mandatory measles vaccination order, rejecting their arguments that the city’s public health authority exceeded its authority. In a six-page decision rendered hours after a hearing on the matter, Judge Lawrence Knipel denied the parents’ petition seeking to
An alleged $1.2 billion Ponzi scheme that collapsed more than two years ago has resulted in some advisors losing their jobs. In the latest monthly rundown of disciplinary actions taken by the Financial Industry Regulatory Authority, or FINRA, four cases involve brokers who put clients’ money in the Woodbridge Group of Companies, which regulators claim
The Republicans may have some good news heading into the 2020 presidential election season, noted market strategist Jim Paulsen told CNBC on Thursday. That’s because he sees the timing of economic growth and the character of the economy as the most important issues for the election. “In some sense, we may look back on this
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